Suppose the U.S. has a closed economy with GDP (Y) equal to $20.0 trillion, consumption (C) equal to $11.8 trillion, government spending (G) equal to $4.9 trillion, transfer payments (TR) equal to $1.5 trillion, and taxes (T) equal to $3.8 trillion. What is private savings (SPrivate)? Provide your answer in trillions of dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$," "=," "%," or "," in your answer.

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Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.